Kenya: Who Got Funded in 2014?

Which tech companies were funded in Kenya in 2014? I thought I’d compile a list of the ones I know of.

Send me any that I might have missed.

Early stage capital

Angani – Public cloud computing provider
BRCK – Rugged, wireless WiFi device
CardPlanet – Mobile money payment system aimed at business and NGOs
iProcure – Software for optimizing rural supply chains
OkHi – Physical addressing system for logistics solutions
Sendy – Motorcycle delivery service
Tumakaro – Diaspora driven education funding
Umati Capital – Factoring for farmer cooperatives, traders and processors
GoFinance – Working capital finance to distributors of FMCGs
BuyMore – Electronic student discount card
TotoHealth – SMS technology for children’s health
BitPesa – Bitcoin for African remittances
Sokonect – Mobile agriculture tool to eliminate brokers
BookNow – Buy bus tickets online in East Africa
Mdundo – African music on your phone
Futaa – Source for football news in Kenya
Movas – Global provider of B2B/B2C m-Commerce solutions
Hivisasa – A free, county-level online newspaper
Yum – Online ordering and food delivery service in Kenya
Akengo – Learning management system
EcoZoom – Hardware. Clean burning, portable wood and charcoal powered cookstoves
Jooist – A gaming network for mobile phones
Globa.li – A platform to connect hotels and distributors for bookings

Growth capital

MKopa – solar power financing using mobile money
BuyRentKenya – Real estate classifieds
Wave – US-to-Kenya remittance provider
Eneza Education – Mobile tutor and teacher’s assistant
Sanergy – hardware tech, building solutions for urban toilets and composting
Bridge International – Education in low-income environments, uses tech to send teaching content
Soko – Handmade jewelry and accessories shopping from East Africa
EatOut – Find and book seats in East African restaurants

Exited/Acquired

M-Ledger (by Safaricom) – Monitor your Mpesa transactions
Wezatele – Mobility solutions in commerce, supply chain, distribution and mobile payment integration

A special thanks to John Kieti, Rebecca Wanjiku, Nikolai Barnwell, and Ben Lyon for refreshing my memory!

2 thoughts on “Kenya: Who Got Funded in 2014?

  1. K.E says:

    Thanks for the list.Please if you have time do answer these questions

    1. Does early stage funding for the listed start-ups also include funds from competitions and grants?

    2. I am particularly interested in how wezatele did their exit(Did they get acquired like mledger did? ) maybe their exit strategy could be utilized by other start-ups in the space

    I am extremely happy to see the tech sector mature, a few years ago it was almost unheard to hear about tech start ups in “dark continent”. I would like to congratulate all the listed ones as well as the entrepreneurs who tried but never got past early stages due to circumstances such as lack of funding e.t.c .Best of wishes to all in 2015 and more in years to come.

  2. hash says:

    Hi K.E.

    1. Tumakaro was initially, and it was suggested that I add them by John Kieti.

    2. You’ll have to talk to the Wezatele team.

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